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840 Pacific Coast, Hermosa Beach, CA 90254

Commercial property

840 Pacific Coast, Hermosa Beach, CA 90254 Sold February 2025 CRMLS
$1,100,000Sold February 2025

Listing Agent: Stephen Lampe (DRE #01164364) · Listing Office: Re/Max Commercial & Investment · Contact: slampe@remaxcir.com · Bought with: Stephen Lampe · Re/Max Commercial & Investment · MLS #SB24134834 · Source: CRMLS

3,907
Building Sq Ft
8.44%
Cap Rate
$160,403
NOI
9,593 sqft
Lot Size
1984
Year Built
C3
Zoning
Commercial property
Type

About this commercial property

Located in a prime spot on Pacific Coast Highway, this property offers excellent visibility, making it ideal for a variety of businesses. With a floor area ratio (F.A.R.) of 0.50 to 1.25 and a maximum height of 35 feet, the development potential is substantial. The C-3 zoning allows for a broad range of uses, including dental and medical offices, retail spaces, offices, and animal hospitals or veterinary clinics. The current rent rate is significantly below the market value, presenting an attractive opportunity for future growth. IMPORTANT – FOR LEASE TERM DETAILS CALL LISTING BROKER.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$1,100,000
Sold February 2025 · listed $1,900,000, orig. $2,300,000, on market July 2024 · MLS #SB24134834 · Source: CRMLS
Listing Agent: Stephen Lampe · Listing Office: Re/Max Commercial & Investment · Contact: slampe@remaxcir.com · Bought with: Stephen Lampe · Re/Max Commercial & Investment
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